On May 1, 2023, People's Networks sold computer networking supplies to Florida Autos for $38,400. The cost of the supplies is $17,280. Instead of paying immediately, Florida Autos signed a note receivable with 9% annual interest, payable in eight months with the principle amount. People's Networks has a year end of October 31. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. For transaction with two debits or credits, enter the debit accounts in alphabetical order followed by the credit accounts in alphabetical order. a) Record the journal entry when the sale is made; assume People's Networks uses the perpetual inventory system. Date Account Title and Explanation May 1 May 1 To record sales for notes receivable To record cost of goods sold Debit Credit 4 b) Prepare journal entries for the year end adjustment on October 31, 2023. Date Account Title and Explanation Oct 31 Debit Credit To record accrued interest revenue c) Prepare journal entries for receipt of payment from Florida Autos on January 1, 2024. Date Jan 11 Account Title and Explanation To record the receipt of payment for principle and interest Debit Credit